Post Utme Al Hikmah University 2025 Economics Question 21
Practice objective / multiple choice question 21 from the 2025 Post Utme Al Hikmah University Economics examination.
A firm is considering two different production processes. Process A has a fixed \cost of ₦500,000 and a variable \cost of ₦200 per unit. Process B has a fixed \cost of ₦300,000 and a variable \cost of ₦150 per unit. If the market price is ₦250 per unit, which process should the firm choose?
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This is Post Utme Al Hikmah University 2025 Economics Question 21. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Economics examination.
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